401(k)
Eligibility
All non-union colleagues of Sysco Corporation and its participating subsidiaries are eligible to participate in the Sysco 401(k) Plan. Colleagues whose collective bargaining agreements provide for participation in the plan are also eligible to join at the times outlined in their applicable collective bargaining agreements.
Watch the video on the right for more details!
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Your Contributions
You make contributions to the 401(k) through payroll deductions. You can save from 1% to 50% of your total eligible pay, up to the yearly Internal Revenue Service (IRS) limits.
The IRS limits the combination of your before-tax contributions to $24,500 in 2026. This includes any before-tax contributions you made to another employer plan within the same year. In addition, you can make Roth and catch-up contributions (if you are age 50 or older).
Other Contributions and Vesting
Roth Contributions
You can make pre-tax and Roth contributions to the 401(k) through convenient payroll deductions. Unlike traditional pre-tax 401(k) contributions, Roth contributions are taxed at the time you contribute. Your tax or financial advisor can provide additional details on these options.
You can contribute from 1% to 50% of total eligible pay in combined pre-tax and Roth contributions, up to the yearly IRS limits.
Catch-Up Contributions
If you are aged 50 or older on January 1, 2026, or will be turning age 50 in 2026, you’re eligible to make additional pre-tax contributions (unmatched) into your 401(k) up to a maximum of $8,000 in 2026.
If you are aged 60–63 on January 1, 2026, or will be turning age 60–63 in 2026, you’re eligible to make additional pre-tax contributions (unmatched) into your 401(k) up to a maximum of $11,250 in 2026.
Effective January 1, 2026, Secure 2.0 regulations will require colleagues age 50 or older who earned $150,000 or more in FICA wages the prior year to make their catch-up contributions on a Roth basis. Fidelity will automatically change pre-tax catch-up election deferral rates to zero for affected colleagues, and if they wish to elect the Roth catch-up, they can log in to NetBenefits.com.
Company Contributions
There are two types of company contributions:
- Automatic—On the first of the month, coincident with or following 60 days of employment, Sysco automatically contributes an amount equal to 3% of your eligible pay to your 401(k) account every pay period.‍
- Matching—In addition to the automatic contributions, Sysco makes employer-matching contributions annually to encourage you to contribute to your retirement savings plan. The Company contributes 50 cents for every dollar you contribute to the plan, up to 6% of your eligible pay.
Vesting
Vesting refers to the portion of your account that you own. See page 2 of the Participant Guide found when you log in to NetBenefits.com.
Automatic Enrollment and Annual Increase Program
As an eligible colleague, you’re automatically enrolled in the 401(k) on the first of the month coincident with or following 60 days of employment at a contribution rate of 3% of eligible pay. As part of automatic enrollment, you’re also enrolled in the automatic Annual Increase Program (AIP), which increases your contribution by 1% each year until you reach 6%.
If you wish to contribute to the Plan before you are automatically enrolled or to opt out of automatic enrollment, log in to NetBenefits.com or call Fidelity at 1-800-635-4015. Note that you’ll need to sign up for AIP if you choose to actively enroll. To do so, log in to NetBenefits.com and click Contribution Amount.
Adjusting Automatic Contributions
If you want to change the automatic contribution elections before they begin, visit NetBenefits.com or call Fidelity at 1-800-635-4015 before you have 60 days of employment and make your own choices.
Default Retirement Fund
If you don’t actively enroll and choose investment funds for your account, Sysco’s contributions will be invested in the Vanguard Target Retirement Fund that’s closest to your projected retirement date, based on your age.
Planning for College Expenses?
Fidelity can help you set up a 529 College Savings Plan to pay for college expenses for your children. Get started with the Fidelity 529 Plan Checklist, a step-by-step guide to help you save for college. More resources are available at fidelity.com/college.
Investment Options
The 401(k) plan offers you a variety of investment options. You should research the risk and return objectives of each option, along with fees and expenses. Learn about all your options on NetBenefits.com, or you can call Fidelity at 1-800-635-4015 to get expert assistance.
Naming a Beneficiary
When you become a participant, make sure you elect a beneficiary for your 401(k). A beneficiary is the person you choose to receive your 401(k) Plan benefit in the event of your death. To designate a beneficiary, visit NetBenefits.com or call Fidelity at 1-800-635-4015.
Loans and Withdrawals
When you need to take a loan or withdrawal from your 401(k) plan, it can take days or even weeks to access your funds due to waiting periods. To support our colleagues, we’ve partnered with Fidelity to make Electronic Funds Transfer and eCertified Hardships available so that you can access your funds quickly.
- ‍Electronic Funds Transfer (EFT): The 10-day waiting period has been eliminated. When a participant enters their banking information in NetBenefits, they no longer have a 10-day waiting period before receiving funds. EFTs are immediately available for loans or withdrawals of $50,000 or less. This reduces the participants’ cost.‍
- eCertified Hardships: If you need to make a hardship withdrawal, you may be able to initiate a withdrawal in as little as 48 hours through eCertification. You can speak with a representative or initiate a qualifying hardship withdrawal at any time on NetBenefits.
- Effective January 1, 2026, colleagues may request up to four hardship withdrawals per calendar year (only one per calendar quarter will be allowed).
- Effective March 1, 2026, colleagues will be limited to a total of two general loans and one home loan. Existing education loans will be considered grandfathered and may remain in place until they are either fully repaid or defaulted.
To learn more about accessing your retirement funds for coronavirus-related relief, call Fidelity at 1-800-635-4015 or visit the Fidelity website.
Protect Your 401(k) Account
Here are six simple steps you can take to protect your accounts.
- Create unique usernames and passwords. Avoid using your name or email address as a username; if your provider (for example, Microsoft) uses your email address, be sure to enable two-factor authentication. Don’t reuse passwords, and avoid weak, commonly used passwords like 123456. Consider using pass phrases like “ILOVEicecream!” instead.
- Enable two-factor authentication (2FA) when available, particularly with your financial, email, phone, and social media accounts. 2FA acts as an extra hurdle for fraudsters, even if they find out your username and password.
- Provide your current mobile phone number and email address to Fidelity and other institutions you do business with so that you can be contacted in real time in case of fraud or high-risk transactions.
- Watch out for scams. Fraudsters will sometimes reach out, pretending to be IT or security personnel, to request remote access to computers or a one-time passcode. If you are faced with a scam, stop all communication immediately. NEVER give an unverified individual remote access to your computer.
- Enable the auto-update feature for your operating system and apps. Install antivirus software on all computing devices.
- Periodically review your credit and freeze it to prevent credit fraud. Check for any suspicious activity, including profile changes or attempted transactions, and review any alerts you may receive. Temporarily unfreeze it when you need to apply for credit.
Manage Your 401(k)
You can learn about all your options, find forms, and manage your account online at NetBenefits.com. Or you can call Fidelity at 1-800-635-4015 to make changes or get expert assistance.
